On January 21, Ningbo Zhoushan Port will issue a total of no more than 2.635 billion shares to its controlling shareholders, Ningbo Zhoushan Port Group and SIPG, raising 11.215 billion yuan.
Ningbo Zhoushan Port has been approved to issue 2,634,569,561 RMB ordinary shares to specific domestic investors at an issue price of RMB 3.67 per share. The shares were fully paid in RMB, totaling RMB 9,668,870,288.87, excluding underwriting and sponsorship fees and share registration fees and other intermediary expenses totaling RMB 17,638,891.65, the net raised funds totaled RMB 9,651,231,397.22. The above-mentioned funds were in place on August 19, 2020.
Ningbo Zhoushan Port said in an announcement that the non-public share offering will be used for the following projects after deducting the issuing fees:
From January 21, 2020 to August 14, 2020, Ningbo Zhoushan Port used self-raised funds to invest a total of RMB 215,278,1988 in projects.
No. 6 to No. 10 container terminal in Meishan Port area includes 3 150,000-ton berths and 2 200,000-ton berths, with a designed annual throughput of 4.3 million TEU.
Source: Sarah Yu, XINDE MARINE NEWS
The opinions expressed herein are the author's and not necessarily those of The Xinde Marine News.
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